Global HR Outsourcing, Procurement Outsourcing, Finance & Accounting Outsourcing - Everest Group 2011

Global HR Outsourcing Market 2011

The multi-process Human Resources Outsourcing (MPHRO) market is expected to grow by 8-10 % and will reach $3.35 billion in 2011 from US$3.07 billion in 2010. Cost reduction, compliance and technology are the key drivers for growth. India is the preferred destinations with North American companies followed by European companies are the major outsourcers. BFSI and Manufacturing are the early adopters of HR outsourcing but the trend is presently decreasing in these verticals but picking up in new verticals like insurance, technology, healthcare and energy. Payroll and benefits are common processes in MPHRO contracts and market was earlier affected by global recession in 2009 and market rebounded in 2010 and is expected to continue good performance in 2011. 

Please Click here for Detailed Chart (ACV-2007-2011) http://analyzechartsgraphs.blogspot.com/

Global Procurement Outsourcing Market 2011

The multi-process Procurement Outsourcing (PO) market is expected to grow by 15-20 % and reach US$1.5 billion in annual contract value (ACV) in 2011. Cost reduction, compliance, savings and technology are the key drivers for growth. North American companies followed by European companies are the major adopters. Manufacturing followed by consumer packaged goods and retail sectors are major outsourcers. Procurement, supply chain processes such as fulfillment and transportation and logistics management are common processes outsourced. 

Please Click here for Detailed Chart (ACV-2008-2011) http://analyzechartsgraphs.blogspot.com/

Global Finance & Accounting Outsourcing Market 2011

The multi-process Finance and Accounting Outsourcing (FAO) market is expected to grow 15-20 % and reach US$4 billion (ACV) in 2011 from US$3.5 billion in 2010. Cost reduction, compliance, savings and technology are the key drivers for growth. North American companies followed by APAC companies are the major adopters. Manufacturing, financial services, retail, travel and logistics, and energy and utilities are key verticals. Accounts payable, accounts receivable, general ledger, financial planning and analysis are common processes outsourced. 

Please Click here for Detailed Chart (ACV-2008-2011) http://analyzechartsgraphs.blogspot.com/